Strategy that may work in the short term

[Andy Chu]

There's been a huge push to slow down foreclosures to prevent robo-signing. In Las Vegas, they have completely stopped Notice of Defaults from filing, which means that owners can live in their houses for free.

Here is a little twist, some jurisdications like Nevada have HOAs (Home Owners Associations) be super priority liens, in which they can take the deed, if they foreclose, subject to any liens, 1st DOT/2nd DOT/ HELOC/ ETC.

Now since lenders cannot foreclose and HOAs still can foreclose, doesn't this make the HOA trustee sale a lot more valuable? You can virtually buy an HOA deed for $1500-3,000 and rent it out until the lenders decide to foreclose which wont happen for almost a year.

Just an interesting thought...